What are the economics of price controls (fee schedules, premiums tied to cost of living, prescription price ceilings)? Under what circumstances do they accomplish their intended purpose and when do they fail
Q: The income tax on earnings will eventually decrease working hours. With appropriate diagram,…
A: Labour supply is defined as the amount of total hours a worker or employee is willing to work at a…
Q: The was a consumer sees the product as it compares to other similar products in the market is
A: Answer:- A substitute, or substitutable good The way a consumer sees the product as it compares to…
Q: Chart 2 The Underground Economy in Relation With Other Economic Concepts III II
A: Gross domestic production is the total goods and services produced within the domestic boundary in…
Q: 6. How did computers and technology further impact the US economy and industry?
A: Technology has had a significant impact on the US economy, and its use has been related to changes…
Q: D Question 27 Which organization hosts a nationwide network of Volunteer Centers? O Relay Council on…
A: Organization refers to the grouping or coming together of people who have a common objective or…
Q: 1. Introduction of human activities. 2. Problems of human activities. 3. Scope of human activities.
A: 1) Economic and non-economic activities are two types of human activity.All products and services…
Q: 7. You must select between two alternative summer jobs: Job A will pay you $2000 at the beginning of…
A: here we calculate the final amount of both jobs and will conclude which job is best , so the…
Q: Can the teacher satisfy the needs of all types of learners in a large class? Why & why not?
A: No, one teacher cannot satisfy all the types of learners in large class. Some of the reasons are:…
Q: pandemic causes closure of some businesses due to prolonged lockdowns. This leads to more people…
A: Non-price Determinants of Demand alludes to the components other than the current value that might…
Q: 30. The head of government of Vietnam, namely 31. Singapore's advanced economy is supported by…
A: Since you have asked multiple questions, we will solve the first question for you. If you want any…
Q: How did Covid19 affect the Philippine economy
A: 1. The country's first case of COVID-19 was reported in January 2020, and by March, the country had…
Q: se Scenario 1. People are becoming more aware about their health and believe that ice cream is very…
A: 1. Demand will decrease as people are more aware about their health. 2. The price of Nike shoes…
Q: 1. What is DACA? DACA is a government program that, A. protects eligible youth who came to the…
A: Basics:- DACA stands for Deferred Action for Childhood Arrivals. This program was initiated during…
Q: What are the three components of health as defined by the World Health Organization? A.…
A: World Health Organisation has its headquarters at Geneva in Switzerland and is responsible for…
Q: Critique the health the U.S. economy Indicator January April August GDP -5.0% -31.7% ? Unemployment…
A: Based on the data given indicator GDP showing the negative growth rate, it means the economy is in…
Q: 1. How does the global economy affect the business industry?
A: Business works in the worldwide economy and genuine occasions can influence it, both emphatically…
Q: Economics 1. Describe the most suitable seating arrangement that a company should provide to…
A: There are different seating arrangements that can be provided in order to get the appropriate result…
Q: increases the standard of living for the poorest in society, allowing them to seek their basic…
A: The standard of living refers to the quantity of money, comfort, material things, and necessities…
Q: 1.0 National income – The Pandemic Economy 1.1 The IMF estimates that the global economy will make…
A: GDP refers to the value of all final goods and services produced in an economy over a given period…
Q: 1. In what ways can you as a Filipino reader be affected by such works (short stories in Tagalog)…
A:
Q: 8. Describe how sports and entertainment impact national and local economies
A: Sports and entertainment have both positive and negative impacts on both local and national…
Q: What do you think is the widely and mostly used qualitative research and what is its relevance to…
A: Qualitative analysis is a type of investigation that examines knowledge communicated in natural…
Q: Critique the health of the U.S. economy Indicator Year 1 Year 2 GDP 2.4% 2.9% Unemployment 4.1% 3.9%…
A: The major indicators that are often looked up to verify the health of an economy are GDP,…
Q: What was the real GDP of Nigeria in 2019 and 2020 -Calculate per capita income in 2020
A: GDP is the value of all final goods and services produced in an economy over a given period of time.…
Q: What are the major political, economic, financial & social problems faced by West Virginians in the…
A: Political economy is Associate in Nursing knowledge domain a part of the social sciences that…
Q: 11-The selling price of a product in Oman is higher than the price in Dubai although both products…
A: Effect of the customers buying products from Dubai. Because more of the product is sold in Oman.…
Q: What resources are important to Manitoba? 1. b) Why are these resources so important? Provide at…
A: 1)Manitoba mines produce an assortment of mineral assets from base and valuable metals like nickel,…
Q: Question 4 How many metric tons of berries would Greeh Berries Farm produce in order to Maximize…
A: Green Garden Berry farms (quantity) Quantity of farmworkers TVC TFC TC MC 1 3 45 20 65 - 2 5 75…
Q: List-l List-Il Code: A. Syzygy 1. The position of the earth in between the Sun and the 2 moon B. 3.…
A: Astronomy is the studying of everything in the universe being beyond the atmosphere of Earth. This…
Q: The health expenditure component of the GDP price index has been rising steadily. How might this…
A: The GDP price index is a measure of price change for a fixed basket of goods and services. The index…
Q: UNITED STATES RESID ENTS OVER A GE 65 2. Look at the graph below. 70 65 60 55 50 45 2015 R025 2020…
A: The defense industry manufactures products for the US military. The education is provided to people…
Q: How free trade zones or special economic zones affect exports.
A: Special economic zone is that area where the different business laws and regulations implied as…
Q: 1. Jaynet spends $30,000 per year on painting supplies and storage space. She recently received a…
A: The minimum amount that the individual would need to be offered to quit her painting career can be…
Q: 19. What does the Utilization mean?
A: As there is no specific question mentioned to be answered and according to Bartleby policy we will…
Q: Country Focus on India a. What kind of economic system did India operate under during 1947-1990?…
A: Hi, thanks for the question. Since you posted multiple questions, we will answer first question. If…
Q: Do you feel about using financial statement analysis to evaluate an organization’s performance
A: Financial statement analysis is defined as the process of analyzing a company's financial statements…
Q: What are the costs and benefits of more fast food regulations for the producers? How about the…
A: The markets are the place where the buyers and the sellers tend to meet with each other, and get…
Q: . What are the ways in which the chocolate industry can help in the socioeconomic development of…
A: There are many products that are produced in West Africa, Cocoa is one of the important products…
Q: Assume that you are a rational person and that you visit a grocery store to buy bananas. Use the…
A: The rational consumer refers to the consumer who wants to maximize utility out of money spent on the…
Q: Document 1: Analyzing Primary Source "The satisfaction of every man's need for food up to the point…
A: Utility is a term referring to the overall satisfaction obtained from consuming a good or service.
Q: Evaluate the different ways in which a government might be able to improve access to the housing…
A: The Housing Market is the supply and demand for dwellings in a certain nation or area. The average…
Q: Question 40 Which goods are sold in markets? private goods and club goods O public goods O private…
A: Answers: Option C (private goods, club goods, and common-resource goods) Explanation: Private goods…
Q: 53 In the basket of goods that is used to compute the consumer price index, the three largest…
A: The consumer price index (CPI), measures the average level of prices of the basket of goods and…
Q: Economics d3.Meritocracy and fiscal prudence are two of the key principles upheld in the governance…
A: Meritocracy and fiscal prudence Meritocracy as a concept is still relevant since it protects…
(
What are the economics of price controls (fee schedules, premiums tied to cost of living, prescription
Step by step
Solved in 2 steps
- How would the equilibrium quantity and price of smartphones be altered if the prices of their electronic components increase, and labor costs to produce them rise, while alternative communication methods become more accessible and user-friendly? (A) Quantity will fall, and the effect on price is ambiguous. (B) Price will fall, and the effect on quantity is ambiguous. (C) Quantity will rise, and the effect on price is ambiguous. (D) Price will rise, and the effect on quantity is ambiguous.Question: In terms of economics, why would American soybean producers care about the weather in South America?PRICE QUANTITY(QS) 1 0 2 3 3 4 4 5 5 6 Plot the supply curve from the supply schedule information provided.. (a) What can you explain from the graph? (b) Can you identify any determinants? (c) What happens if price changes? (d) What happens if other determinants change?
- 23. Suppose that demand in a market increases due to larger number of buyers and a technological advancement occurs also. What would we expect to happen in the market? (a) Equilibrium quantity would increase, but the impact on equilibrium price would be indeterminate. (b) The equilibrium price would decrease, but the impact on the amount sold in the market would be indeterminate. (c) Both equilibrium price and equilibrium quantity would increase. (d) The equilibrium price would increase but the impact on the amount sold in the market would be indeterminate.Price per Ice-cream (Rs.) Demand for Ice cream (Qd) Supply for Ice cream (Qs) 140 500 1500 120 750 1200 100 1000 1000 80 1250 750 60 1500 600 40 1750 300 (1) What is the maximum price that consumer is willing to pay for 1500 bottles? (2) What is the minimum price that producer is willing to accept for 1500 bottles?QUESTION 39 What is an internal cost of driving a domestic car? a. Health costs b. Highway accidents c. Hazardous wastes produced by car exhaust d. Air pollution and litter e. Cost of materials used in manufacture
- 25. What will happen to the price and quantity of footballs as a result of an increase in the price of leather used to make footballs? (A) Price will increase, and quantity will increase. (B) Price will increase, and quantity will decrease. (C) Price will decrease, and quantity will increase. (D) Price will decrease, and quantity will decrease. Price will not change, and quantity will not change. (E)Quantity Price (Dollars per cell phone) 200 (Cell phones per year) 50 45 250 300 350 40 35 400 30 a. What happens to total revenue if the price falls from $400 to $350 a phone and from $350 to $300 a phone? b. At what price is total revenue at a maximum?Question 1 Consider the market for minivans. Indicate the impact if any on demand, supply, price and quantity: (a) People decide to have more children. (b) A strike by steelworkers raises steel prices. (c) Engineers develop new automated machinery for the production of minivans. (d) The price of station wagons rises. (e) A stock-market crash lowers people’s wealth
- Need help with homework - economic questions (supply/demand) (b) Consider the market for electric cars. The Government of Canada announces that consumers who purchase electric cars manufactured after 2020 are entitled to a taxrebate of$5,000. How does this affect the market for electric cars? Explain using a diagram. (c) In 1904, Standard Oil Company controlled 91 percent of American oil production.Standard’s concentration of market power alarmed many politicians and common citi-zens. In 1911, the U.S. Supreme Court ruled that Standard had violated the Sherman Antitrust Act, and ordered the corporation to break up into smaller companies. Be-cause of this, Standard Oil’s market share dropped from 91 percent to 64 percent of oilproduction. How does this affect the market for oil. Explain using a diagram.(Minimum wage) Assume that the (equilibrium) wage in the labor market for (A) low skilled workers is $10/hour. The government's goal is to help low-paid families. Is a minimum wage of $15/hour likely to better achieve the government's goal if the demand for labor is elastic (flatter) or if it is inelastic (steeper)? Provide diagram(s) to support your answer.PART A: Several years ago, hurricane Gilbert destroyed thousands of acres of banana in Jamaica. Farmers whose crops were destroyed by the hurricane were much worse off, but farmers whose crops were not destroyed benefited from the hurricane. Why did this occur? What information wor helped by the floods?ould you need about the market for bananas in order to assess whether farmers as a group were hurt
